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 jun23 Macau will face a complex and severe stress test in the future as it continues to transition away from a gaming industry supported by mainland Chinese high-rollers, a recent university study has pointed out. According to a paper jointly compiled by three scholars from the Shanghai Cooperation Organisation Research Institute, the Shandong University, and the University of Macau – Edmund Sheng Li, Zhang Anning, and Yin Yechang, the city will have to address a number of social issues “neglected because of the illusion of ongoing prosperity” brought about by the gaming industry that experienced explosive growth following the city’s return to Chinese rule. These issues, as the ‘A city profile of Macau—The rise and fall of a casino city’ scholars pointed out, are associated with political transformation, livelihoods, governance, and urban planning. The economic recession that accompanied the Covid-19 pandemic, as well as Beijing’s push for an overhaul of the gaming sector, have ma...

 jun23 None of Macau’s six gaming concessionaires have so far applied for a form of “exemption” from the full 40-percent tax rate on casino gross gaming revenue (GGR), as potentially applicable – under the new concession system – to gambling by foreign players. That is according to Lei Wai Nong (pictured, centre), Secretary for Economy and Finance, in response to a question from a member of the city’s Legislative Assembly this week. Secretary Lei confirmed that the six operators had established areas specially for gambling by foreigners, across an aggregate of  12 casino properties . https://www.ggrasia.com/no-macau-op-yet-asked-ggr-tax-rate-exemption-govt/

may24  27 de maio, 8 cidades chinesas serão adicionadas ao esquema de visita individual (IVS, na sigla em inglês), permitindo que os seus cidadãos viajem para Macau e Hong Kong sem ter de integrar grupos turísticos. São estas Harbin, Taiyuan, Hohhot, Lhasa, Lanzhou, Xining, Yinchuan e Urumqi, todas capitais de províncias no norte ou noroeste da China, com população superior a 33 milhões. Sendo assim, o número de cidades abrangidas pelo IVS passa para 59, totalizando 490 milhões de potenciais turistas. Andy Wu, presidente da  Associação da Indústria do Turismo de Macau , diz ao PLATAFORMA que a nova política muda tudo. Em meados de abril, o Chefe do Executivo, Ho Iat Seng, previu de forma conservadora cerca de 30 milhões de visitantes em 2024, uma vez que Macau recebera 28.3 milhões de visitantes em 2023. Mas Andy Wu diz que a projeção agora deve ser aumentada, visto que não contava com esta iniciativa do Governo Central. A adição de Xi’an e Qingdao ao IVS, em março deste ano, ...